It has been confirmed by Bimmerfile that there will indeed be an M3 Competition Package (ZCP) available for the 2011 M3! The ZCP Package is now in BMW's order bank.

While exact details of the ZCP Competition Package are not yet available, if the E46 M3 Competition model is any indication, there will be both performance and cosmetic enhancements. The E46 M3 competition package included tweaks to the car's handling via a tuned suspension, a more direct steering ratio, larger wheels, CSL brakes, larger rotors, and high performance tires.

Cosmetic enhancements included alcantara fabric throughout the interior and a alcantara steering wheel and handbrake. A new exclusive color, Interlagos Blue, was also introduced with the ZCP Competition Package.

What upgrades the new M3 Competition Package will include remains to be seen, but it's safe to say we'll many similar enhancements from the E46 M3 ZCP.